The OECD released updated data yesterday for its Composite Leading Indicators Index for 29 member countries. The Leading Indicators Index has increased in each of the last 12 months, and reached the highest level in February (103.57) since May of 1979, more than 30 years ago (see chart above, data here). It sure looks to me like another V-shaped sign of worldwide economic recovery - add this to the growing list.
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Tuesday, April 13, 2010
Another V-Shaped Sign of Recovery: OECD Index
The OECD released updated data yesterday for its Composite Leading Indicators Index for 29 member countries. The Leading Indicators Index has increased in each of the last 12 months, and reached the highest level in February (103.57) since May of 1979, more than 30 years ago (see chart above, data here). It sure looks to me like another V-shaped sign of worldwide economic recovery - add this to the growing list.
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